Mr Mortgage: “Massive number of people about to be taken out the market”

[TheBreeze]

[quote=sdrealtor]Sorry but most of the CV buyers have 20% down or more. The truth is most of the buyers out there today that I am seeing do. I am sitting on a pile of listings and get offers on a daily basis. It is rare that I get an offer with less than 20% down these days. I also have several buyers looking and all but one has 20% or more.

There is alot more money out there than you all think around here. There are also a ton of folks who sat out the last few years waiting for prices to fallor who were priced out but not anymore.[/quote]

Imagine that. A realtor talking about how strong the RE market is. Never thought I’d see the day.

[TheBreeze]

sdr,

I think the buyers you are seeing are one of the final rounds of knife catchers who, like raptorduck, just don’t want to wait any longer. They’ll be burned through soon enough. Then it’ll be my time.

[TheBreeze]

sdr,

I think the buyers you are seeing are one of the final rounds of knife catchers who, like raptorduck, just don’t want to wait any longer. They’ll be burned through soon enough. Then it’ll be my time.

[TheBreeze]

sdr,

I think the buyers you are seeing are one of the final rounds of knife catchers who, like raptorduck, just don’t want to wait any longer. They’ll be burned through soon enough. Then it’ll be my time.

[TheBreeze]

sdr,

I think the buyers you are seeing are one of the final rounds of knife catchers who, like raptorduck, just don’t want to wait any longer. They’ll be burned through soon enough. Then it’ll be my time.

[TheBreeze]

sdr,

I think the buyers you are seeing are one of the final rounds of knife catchers who, like raptorduck, just don’t want to wait any longer. They’ll be burned through soon enough. Then it’ll be my time.

[jpinpb]

My credit score is 750. I have 20% to put down. I don’t want to put that much down. In these economic times, I’d rather put the least possible down and have cash available JIC.

When I bought my house in Carmel Valley in ’91, I put 20% down to avoid the PMI. And the real estate slump that followed thereafter ate through my 20%. I try to block out those days, but if I remember right, I think I ended up paying PMI after all. Not sure, though. Those were bad times. It would’ve been nice to have the cash I put into the house to help ride it out. I was struggling back then.

I was lucky enough to somehow ride it out, but now I’m hesitant to put 20% down if I can avoid it. If I found a house I really wanted that made sense to me, the very act of buying in a declining market makes me a knife-catcher and I’ll be helping to bring the comps down by buying. I know I will be losing equity down the road.

I’m ok w/that if I really like the house, but if times continue to get worse, that 20% in cash would be a nice cushion.

[jpinpb]

My credit score is 750. I have 20% to put down. I don’t want to put that much down. In these economic times, I’d rather put the least possible down and have cash available JIC.

When I bought my house in Carmel Valley in ’91, I put 20% down to avoid the PMI. And the real estate slump that followed thereafter ate through my 20%. I try to block out those days, but if I remember right, I think I ended up paying PMI after all. Not sure, though. Those were bad times. It would’ve been nice to have the cash I put into the house to help ride it out. I was struggling back then.

I was lucky enough to somehow ride it out, but now I’m hesitant to put 20% down if I can avoid it. If I found a house I really wanted that made sense to me, the very act of buying in a declining market makes me a knife-catcher and I’ll be helping to bring the comps down by buying. I know I will be losing equity down the road.

I’m ok w/that if I really like the house, but if times continue to get worse, that 20% in cash would be a nice cushion.

[jpinpb]

My credit score is 750. I have 20% to put down. I don’t want to put that much down. In these economic times, I’d rather put the least possible down and have cash available JIC.

When I bought my house in Carmel Valley in ’91, I put 20% down to avoid the PMI. And the real estate slump that followed thereafter ate through my 20%. I try to block out those days, but if I remember right, I think I ended up paying PMI after all. Not sure, though. Those were bad times. It would’ve been nice to have the cash I put into the house to help ride it out. I was struggling back then.

I was lucky enough to somehow ride it out, but now I’m hesitant to put 20% down if I can avoid it. If I found a house I really wanted that made sense to me, the very act of buying in a declining market makes me a knife-catcher and I’ll be helping to bring the comps down by buying. I know I will be losing equity down the road.

I’m ok w/that if I really like the house, but if times continue to get worse, that 20% in cash would be a nice cushion.

[jpinpb]

My credit score is 750. I have 20% to put down. I don’t want to put that much down. In these economic times, I’d rather put the least possible down and have cash available JIC.

When I bought my house in Carmel Valley in ’91, I put 20% down to avoid the PMI. And the real estate slump that followed thereafter ate through my 20%. I try to block out those days, but if I remember right, I think I ended up paying PMI after all. Not sure, though. Those were bad times. It would’ve been nice to have the cash I put into the house to help ride it out. I was struggling back then.

I was lucky enough to somehow ride it out, but now I’m hesitant to put 20% down if I can avoid it. If I found a house I really wanted that made sense to me, the very act of buying in a declining market makes me a knife-catcher and I’ll be helping to bring the comps down by buying. I know I will be losing equity down the road.

I’m ok w/that if I really like the house, but if times continue to get worse, that 20% in cash would be a nice cushion.

[jpinpb]

My credit score is 750. I have 20% to put down. I don’t want to put that much down. In these economic times, I’d rather put the least possible down and have cash available JIC.

When I bought my house in Carmel Valley in ’91, I put 20% down to avoid the PMI. And the real estate slump that followed thereafter ate through my 20%. I try to block out those days, but if I remember right, I think I ended up paying PMI after all. Not sure, though. Those were bad times. It would’ve been nice to have the cash I put into the house to help ride it out. I was struggling back then.

I was lucky enough to somehow ride it out, but now I’m hesitant to put 20% down if I can avoid it. If I found a house I really wanted that made sense to me, the very act of buying in a declining market makes me a knife-catcher and I’ll be helping to bring the comps down by buying. I know I will be losing equity down the road.

I’m ok w/that if I really like the house, but if times continue to get worse, that 20% in cash would be a nice cushion.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[Author]

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